Hisense Home Appliances Group Co (HK:0921) has released an update.
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Hisense Home Appliances Group Co., Ltd. has provided additional details on the ownership structure of Qingdao Yiyang, involved in a connected transaction outlined in their previous announcement. The company disclosed that Qingdao Yiyang is jointly owned by Hisense Home Appliances and several other independent parties, with the Qingdao Municipal People’s Government being the ultimate beneficiary of a significant stake. This supplemental information complements the initial announcement regarding the partnership agreement to set up the Partnership.
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